By: E&P Staff
Times-Shamrock Communications, owners of the Standard-Speaker in Hazleton and The Citizen-Standard in Valley View, Pa., among other newspapers, is lifting pay cuts to the managers of those newspapers and its radio properties effective July 1.
In April 2009, Scranton, Pa.-based Times-Shamrock had instituted 3% to 5% pay cuts, citing a decline in revenues.
“During very challenging economic times, our team continued to outperform our industry peers and help position our family company to thrive in the future,” Scott Lynett, CEO of Times-Shamrock Communications and publisher of The Times-Tribune, said during a meeting Tuesday with managers, according to a Times-Tribune report.
Lynett added, “Across the company, we have seen consistently improving revenue trends that indicate the economic recession is ending. … Times-Shamrock Communications continues to surpass industry trends in almost all categories and all markets in which we operate.”
Times-Shamrock also ended its employee furlough program, on June 1. The furloughs were instituted in May 2009.